| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| POSTRETIREMENT BENEFIT OBLIGATION | 21,173,688 | 21,777,305 |
| DEFERRED FEDERAL EXCISE TAX | 24,109,000 | 36,517,000 |
| TERM LOAN PAYABLE | 6,633,903 | 0 |
| TERM LOAN SWAP LIABILITY | 58,195 | 0 |
| BONDS PAYABLE, NET | 0 | 695,092,417 |